Kalana Ispat (NSE:KALANA) ROCE % : 43.38% (As of Mar. 2024)

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What is Kalana Ispat ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Kalana Ispat's annualized ROCE % for the quarter that ended in Mar. 2024 was 43.38%.

Kalana Ispat ROCE % Historical Data

The historical data trend for Kalana Ispat's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Kalana Ispat ROCE % Chart

Kalana Ispat Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

8.16

9.61

23.61

43.38

Kalana Ispat Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
ROCE %	8.16	9.61	23.61	43.38

Kalana Ispat ROCE % Calculation

Kalana Ispat's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	34.896	/	( ( (161.746 - 113.278)	+	(188.571 - 76.138) )	/ 2 )
	=	34.896	/	( (48.468	+	112.433)	/ 2 )
	=	34.896	/	80.4505
	=	43.38 %

Kalana Ispat's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	34.896	/	( ( (161.746 - 113.278)	+	(188.571 - 76.138) )	/ 2 )
	=	34.896	/	( ( 48.468	+	112.433 )	/ 2 )
	=	34.896	/	80.4505
	=	43.38 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2024) EBIT data.

Kalana Ispat (NSE:KALANA) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Kalana Ispat ROCE % Related Terms

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Kalana Ispat Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kalana Ispat Ltd (NSE:KALANA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

C-918, Stratum at Venus Ground, Near Jhasi Ki Rani Statute, Nehrunagar, Ahmedabad, GJ, IND, 380015

Website

Kalana Ispat Ltd primarily manufactures M.S. Billets and Alloy Steel Billets of various grades. The company's business can be divided into segments: Sale of Products and Sale of Services.

Kalana Ispat Headlines

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